Maybe if I KEEP SLAMMING MY HEAD into a BRICK WALL, I'll start having LESS brain damage?
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[News] British steel
- Thread starter Publius Ovidius
- Start date
Maybe if I KEEP SLAMMING MY HEAD into a BRICK WALL, I'll start having LESS brain damage?
SollysLeftFoot
New member
It's the rest of the post that makes it better..
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,309
Ludensian Gull
Well-known member
It's a bloody long way from Scunthorpe to Boston !
- Jan 30, 2008
- 782
SollysLeftFoot
New member
I’m sorry that you’ve been let down by senior management.
portslade seagull
Well-known member
Tosh, so it wasn't anything to do with cheaper imports then. Just blame Brexit to match your agenda
Thunder Bolt
Silly old bat
[tweet]1131149585769013248[/tweet]
Raleigh Chopper
New member
The export of steel is one of the major commodities along with oil, gas, cars, minerals etc.
When we do leave this is another export deal we cannot do, in fact it probably means we are going to import a hell of a lot more steel.
Maybe we can do a deal though, you send us your steel and we will send you our....er....um.
When we do leave this is another export deal we cannot do, in fact it probably means we are going to import a hell of a lot more steel.
Maybe we can do a deal though, you send us your steel and we will send you our....er....um.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,309
No that can't be right. It's that bloody EU banning us from bailing it isn't it ?
STATE AID MEANS STATE AID
Wibble wibble...
nicko31
Well-known member
Thanks, just passed that onto Led by Donkey's...
Thunder Bolt
Silly old bat
I think a few thousand have already done that on Twitter today, and the Andrew Leadsom one from 2013.
Thunder Bolt
Silly old bat
Never mind being part of Europe, we're going to be 51st state under the Trump bot aren't we?
daveinplzen
New member
- Aug 31, 2018
- 2,846
Im sure ****wit leavers will point to a 'positive'
Dunno about that yet. They have constantly stated the delaying of a Brexit decision has created the uncertainty in the market. When the government said the delay until the next Brexit decision was going to be so long as it is we knew we would struggle as there had been big cutbacks in place a while now with the previous delay. The thing is all those that voted out never realised it would take 3 years before anything happened. Don't really know who is to blame but seems to me its Greybull. Scunthorpe has made profit each of the 3 years since taking over from Tata. From what I see is Greybull bought us for £1 yet have been taking millions out each year. Buying for a single pound and taking profits seems like something some very bad owners did to a football club I know back in the 90s. I don't know tbh and don't really care. We are where we are. We have also been told we will continue to be paid and keep all our terms and conditions ie holidays, pensions etc until a buyer or nationalization takes place, Nationalization is looking unlikely atm. But rumours are 3 businesses are interested in buying us out. Tata, Liberty or some Spanish company I don't know the name of. Tata sold us last time due to issues with pensions and other stuff. These issues have been sorted now from what I hear. So the company is sort of how they wanted it in the 1st place.
SollysLeftFoot
New member
Much easier to ignore my explanatory post. But yes Brexit has had an impact.
SollysLeftFoot
New member
I worked in the treasury on Brigg road, senior management have much much of a blame than you think. Greybull haven’t taken a penny, only accrued the charges. Media’s not too reliable on the reporting.
PM me if you want to discuss it in a little more details and I’ll mention a few names you may recognise. Paul M***** has a lot to answer for before he ‘retired’.
Lower West Stander
Well-known member
The moment Greybull became the marginal buyers you know the business is in deep trouble. Corus sold it for a reason.....
The issue here is not whether the business is profitable, it’s whether it generates cash. And from what I can gather, forward selling carbon credits was a short term sticking plaster.
Companies live or die by cash flow. There are many different ways of defining “profit” but only one bottom line cash flow number.
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The issue here is not whether the business is profitable, it’s whether it generates cash. And from what I can gather, forward selling carbon credits was a short term sticking plaster.
Companies live or die by cash flow. There are many different ways of defining “profit” but only one bottom line cash flow number.
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Tbh there ain't really anything can be done from my level. Am only an electrician. Am also quite lucky that I don't live in Scunthorpe where it will pinch the hardest. I know the knock on effect will spread to Doncaster and to a degree the rest of the UK. Also I have only been here 2 and a half years only since this January on the books. I should be able to drop back into contracting though I did close my limited company when I started here. The 3 buyers I previously mentioned don't sound as interested as we were led to believe. Liberty are only interested in the rod mill from what I gather. For now though we are still carrying on business as usual and keeping fingers cross on a new backer.
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